According to Marcotreands.com the inflation rate for 2021 was 4.70%

If your current employer gives a 3% cost of living increase.

Would you be correct to think this is sufficient and enough to bring in more money for food next year or would a 3% increase not be enough because the current years inflation rate is between 8 and 9 percent? With a 8-9 percent inflation rate would you have less disposable income?

Explain